Mobile-Enabled Cross-Border Payments

This guideline note from afi begins with a brief description of four different mechanisms for facilitating mobile-enabled cross-border payments. This is followed by a discussion of two types of mobile-enabled cross-border payment services: (1) those in which an m-money wallet is used to receive funds; and (2) those in which an m-money wallet is used to both send and receive funds. The note then identifies key challenges affecting these services and how regulators have addressed these challenges, and features two short case studies highlighting experiences with these services in AFI member countries.